" ITREALMS: Fortis Mobile Money promises user-friendly

pages

Wednesday, December 21, 2011

Fortis Mobile Money promises user-friendly

The Chief executive officer, Fortis Mobile Money, Mr. Henry Nwawuba has described the recent partnership with MTN and GTBank as significant achievement, promising a user friendly platform.
Fortis Mobile Money, one of the 11 mobile money operators licensed by the Central Bank of Nigeria (CBN), recently said that MTN would therefore be connecting Fortis to its over 40 million mobile telephone subscribers on the network.

Describing the partnership with MTN as a very significant achievement, he said that every mobile money company in Nigeria looks ahead to the kind of access MTN provides.
“What we have achieved today is that MTN is opening up its network infrastructure to Fortis and as such it gives us the kind of access that will make the experience very user friendly for all our customers” he said.

He explained that MTN has provided Fortis Mobile Money an unrestricted access on its network to unstructured supplementary service data (USSD), which is a messaging function in GSM cell phones. According to him, unlike regular text messages, USSD messages travel over GSM signaling channels and are used to query information and trigger services.

“We are asking the company to open up their distribution channels so that their airtime distribution partners can also become agent for mobile money,” he said.
The collaboration, he said, would also give MTN access to tap into over 40 million customers as Fortis Mobile Money roll out its service.
To cope with this capacity, he said, Fortis would have to build a robust business network, though it currently plans to deploy over 50,000 agents across Nigeria in one year.
Having launched the service in Lagos, he said the company’s mobile money service would rapidly take off in other cities and states in Nigeria. “That is because without the agent network, mobile money will not work. In Lagos, we have about 420 agents. In Abuja, we have about 1000 while in Port Harcourt we have activated 200 agents”, he said.

Explaining the services that are available to Nigerians on the network, the managing director of Fortis said the company would provide basic mobile financial services such as fund transfer, deposit and withdrawal from the bank account, which can be done at an agent location in the community. Before a customer can access to these services, such a customer must have opened a mobile account.

“Once that account is opened, it becomes your wallet. Do not leave home without your mobile phone. There is cash on it. The account is not physically sitting in your phone. Your phone is just an access device just like your ATM card.  When you take your ATM card to the ATM the money is not in your ATM card. Over 40 million MTN subscribers can open cash-lite account on Fortis Mobile Money by dialing *555*”, he said.

ITREALMS Online ... delivering news for ICT4D Short URLs: goo.gl, mcaf.ee, cli.gs

14 comments:

  1. Is it accurate to say that you will fabricate a home, buy a great deal for retirement or speculation? Will you procure significant land for cultivating or subdivision? Do you need business, private, recreational or farming? Will it be in the north, south, east or west. Payday Loans San-diego

    ReplyDelete
  2. With combination, the understudy can now oversee obligations appropriately. In any case, the borrower should likewise remember that decreased installments implies the credit will set aside extra opportunity to pay it off. Check Cashing

    ReplyDelete
  3. Drifting rates will take after the day by day reference rates in Singapore, which are the SIBOR or SOR. These last two are essential, in light of the fact that most credit bundles offered by banks or other money related organizations are pegged to one of them. car title loans chicago

    ReplyDelete
  4. Websites free streaming of lots of nationwide as well as mobdroappguide exactly how to download and also mount mobdro.

    ReplyDelete
  5. you can install Blackmart for PC, Blackmart Alpha for windows laptop, www.apkoftheday.co Android Market Of Applications Is User-Friendly And Also.

    ReplyDelete
  6. As a result, the professional messenger monitoring standing Professional Courier Tracking Number and Online Status If a plan is arranged for shipment, and also postponed as a result.

    ReplyDelete
  7. Anonymous8:58 am

    Thank you for posting such a great article! I found your website perfect for my needs
    dtdc tracking

    ReplyDelete
  8. Thank you for sharing great information. I also blog for different apk apps, check here to see more :)

    ReplyDelete
  9. Anonymous9:33 pm

    Download Mobdro telecharger application is an extremely valuable
    application, especially for people who like to invest energy by
    observing free recordings via the Web
    Mobdro App
    Mobdro App
    Mobdro for PC

    ReplyDelete
  10. Thanks for the great information.Checkout visit website

    ReplyDelete
  11. mobdro baixar is also a user friendly option

    ReplyDelete
  12. Peter parker7:45 am

    I have got a new thing about fortis mobile with user friendly. Your blog seems to read very relevantly. if you want to gain more technical knowledge like how you can Hostgator Cpanel, webmail, or Hostgator Dedicated Server login. so you can easily learn with us.

    ReplyDelete
  13. Nice Article Bro

    Visit Prime Random for the best content

    ReplyDelete